fredpui

$BABA Wave 2 before the big rally

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
baba retreating now having gone up 16 days up, and it should be heading down for 8 days before resuming the bullish direction.

So i am expecting October 28 to be the bottom before heading up again ... possible target or 203-204 around Mid November.

With 11-11 coming up, this should push the stock higher.

Earnings on Nov 4 (incidentally Oct 4 was the bottom, and Aug 4 was the top before the big drop).

Comments welcome

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